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2 mins read

Elon Musk apologized for 'incorrectly low' Tesla severance packages

The Tesla CEO told workers in an email that the mistakes were "being corrected immediately."

Jyoti Mann   


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1 min read

Tesla rescinds offers for full time employees as layoffs continue into 5th week

Tesla has begun rescinding offers for incoming full-time employees, according to sources, as it con…

Grace Kay   


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Snap slashes 10% of its workforce

Snapchat's parent company is laying off 10 percent of its staff, the latest tech company to make cu…

Paul Squire,Camilo Fonseca   


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Tesla is laying off more than 10% of its workforce, memo shows

The layoffs at Tesla have come shortly after the carmaker posted lackluster delivery numbers.

Grace Kay,Jyoti Mann   


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Tesla layoffs have reportedly also hit its international offices

Tesla's layoff plans may not be confined to the US, with Reuters reporting jobcuts in China too, a …

Grace Kay   


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3 mins read

Tesla's chaotic layoffs leave employees nervous and wondering when the cuts will end

In the wake of Tesla's week of layoffs some workers say they feel as if they've been left in limbo.

Grace Kay   


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1 min read

Shopify lays off 20% of its workforce, sells logistics biz

E-commerce platform Shopify has announced to lay off 20 per cent of its workforce which will impact…

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Zendesk lays off 320 employees; 8% of workforce

Software-as-a-service (SaaS) platform Zendesk has announced to lay off 8 per cent of its workforce,…

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1 min read

Automotive digital marketplace TrueCar lays off 24% of workforce

US-based automotive digital marketplace TrueCar has announced the laying off of nearly 24 per cent …

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2 mins read

Inside Henrik Fisker's staff meeting, where the CEO announced more layoffs hitting his electric car company

Henrik Fisker had grim news for his staff when they logged on to a short all-hands meeting Wednesda…

Grace Kay   


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Read the email Fisker sent to staff warning of layoffs if the company can't correct course

Fisker warned staff they might be laid off if efforts to course correct are unsuccessful. Here's th…

Grace Kay   


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1 min read

Tesla executive says he's resigned as recent layoffs hurt morale and throw the company 'out of balance'

Tesla's former head of product launches, Rich Otto, said layoffs are "rocking the company and its m…

Grace Kay   


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1 min read

Storytelling platform Wattpad lays off 15% of workforce

Canada-based online storytelling platform Wattpad has announced that it has laid off nearly 15 per …

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A Tesla supplier says Elon Musk's Supercharger layoffs were 'a sharp kick in the pants'

The Information reported late Monday that Musk is laying off around 500 employees on its Supercharg…

Tom Carter   


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1 min read

Tesla stock drops as Elon Musk reportedly announces hundreds more layoffs including senior execs

The drop pared some of the gains from Monday's session, which saw the stock jump on optimism around…

Yuheng Zhan   


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Tesla sends out another wave of layoff notices as employees enter 4th week of job cuts

Elon Musk continues to cut deeper at Tesla. Multiple workers told BI that Tesla cut even more staff…

Grace Kay   


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3 mins read

Apple layoffs are a sign Tim Cook is getting a little more serious

The iPhone maker has laid off some 600 employees in California working on expensive R&D projects at…

Hasan Chowdhury   


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2 mins read

A major Tesla executive left after 18 years at the company amid mass layoffs

Drew Baglino, Tesla's senior vice president of powertrain and electrical engineering, is leaving. I…

Grace Kay   


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5 mins read

A millennial who had a mini-retirement at 38 shares her strategies for achieving financial independence and why she wants to return to the workforce

Sabina Horrocks plans to re-enter the workforce after her mini-retirement, even though she and her …

Noah Sheidlower   


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1 min read

Quick commerce platform Dunzo lays off 30% of its workforce

Homegrown quick-grocery delivery provider Dunzo has laid off at least 30 per cent of its workforce,…